Fashions, Inc has 12 shareholders. The company is subject to the Model Act. What officers is Fashions, Inc required to have?
A) A president, secretary, and treasurer
B) A president and a secretary, and they can be the same person
C) A president, at least one vice-president, a secretary, and a chief financial officer
D) Whatever officers are described in the corporate bylaws
D
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Dividends paid are reflected in the financing activities section of the statement of cash flows
Indicate whether the statement is true or false
A disadvantage of participatory budgets is that
a. there is a high degree of acceptance of the goals and objectives by operating management. b. they are usually more realistic. c. they lead to better morale and higher motivation. d. they usually require more time to prepare.
In crafting a company's strategy, managers
A. are wise not to decide on concrete courses of action in order to preserve maximum strategic flexibility. B. face the biggest challenge of how closely to replicate strategies of successful companies in the industry. C. are well-advised to be risk-averse and develop a "conservative" strategy-"dare-to-be-different" strategies are rarely successful. D. have comparatively little freedom in choosing the "hows" of strategy. E. need to come up with a sustainable competitive advantage that draws in customers and produces a competitive edge over rivals.
Customer demand for ethical and environmental performance has been and continues to ________.
a. Decrease b. Increase c. Stay roughly the same d. Be nonexistent